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Home page  >> News  >> An important achievement for the families of Holocaust Victims

An important achievement for the families of Holocaust Victims

Bank Mizrahi-Tefahot and the Company for Location and Restitution of Holocaust Victims’ Assets, signed an agreement according to which the bank will transfer 9.5 Million NIS to the Company,
in respect of accounts and shares purchased by Jews who perished in the Holocaust.
 

Good news for the families of Holocaust Victims: Bank Mizrahi-Tfahot and the Company for Location and Restitution of Holocaust Victims' Assets, signed an agreement today (Sunday) according to which the bank will transfer 9.5 million NIS to the Company in respect of accounts opened by Jews before and during the Second World War, who perished in the Holocaust, and in respect of shares purchased by Jews who perished in the Holocaust.

The Company for Location and Restitution of Holocaust Victims' Assets was established for the purpose of locating assets in Israel, which were purchased by European Jews before the Second World War. These Jews perished in the Holocaust and their assets were not transferred to their heirs. Since its establishment in 2006, the company has been working to locate these assets in Israel and restore them to their legal beneficiaries - the families of those who perished in the Holocaust. As part of this effort, the Company negotiated with Bank Mizrahi-Tfahot (which at the time was called Bank Mizrahi Ltd.) finally signing this important agreement today.

The Company will make every effort to locate the legal beneficiaries of these account owners and return the assets to them. Money, for which no legal heirs will be located, will be transferred to Company activities for the assistance of needy Holocaust survivors in Israel.
The agreements signed today at the offices of the bank in Ramat Gan, was achieved thanks to the goodwill of top management on both sides and their interest in reaching a settlement.

 
CEO of Mizrahi-Tfahot Mr. Eli Younes: "Due to the importance of this matter, the bank decided, ex gratia, to reach an agreement with the Company for Location and Restitution of Holocaust Victims' Assets, and to transfer the agreed sum. The bank considers restitution to the families of the victims and assistance for needy survivors, of the utmost importance and believes that the money transferred to the Company will be well utilized for these purposes. We are all committed to remembering the Holocaust Victims and to maintaining historical justice for their families, as well as aiding Holocaust survivors still living amongst us, ensuring their continued dignity."
 
Chairman of the Board of Directors of the Company, Mr. Micha Harish: "This is a significant and important achievement to ensure the continuation of the Company's activities on behalf of the Holocaust Victims' beneficiaries and for the needy Holocaust survivors in Israel. This is yet another step in redressing historical justice 70 years after the Holocaust. The Company congratulates Bank Tfahot for recognizing the importance of this effort and finding a consensual solution. The Company will act vigorously and decisively to locate the beneficiaries of the Holocaust Victims whose accounts have been transferred to the Company. I call upon any who know of relatives of Holocaust Victims who had an account at Bank Mizrahi, who has not previously approached the Company, to do so as soon as possible."
 

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